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Author Topic: Let's stop all transactions, right now!  (Read 1858 times)
yogi
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February 12, 2014, 11:33:48 PM
 #21

Confirmed txid can be relied on for accounting purposes.

How do you get from an unconfirmed transaction id to a confirmed one?

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DeathAndTaxes
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February 12, 2014, 11:39:12 PM
 #22

I understand it can't be with BTC where there isn't a regulator, but we shall not fear, nor be surprised if at times, there are things we do not understand, or that things are causing reactions we hadn't expected, so much that the safest thing to do may be to stop everyhting.

I called Satoshi.  He turned the master bitcoin key to off so blockchain should be stopping shortly.  Thanks for the heads up that was a close one.


countryfree (OP)
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February 12, 2014, 11:41:26 PM
 #23

Confirmed txid can be relied on for accounting purposes.

How do you get from an unconfirmed transaction id to a confirmed one?

You don't, you just freeze till the first transaction is confirmed.
Banks work like this. If you want to cash a check, they will be check it first.

I used to be a citizen and a taxpayer. Those days are long gone.
roslinpl
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February 12, 2014, 11:44:00 PM
 #24

I understand it can't be with BTC where there isn't a regulator, but we shall not fear, nor be surprised if at times, there are things we do not understand, or that things are causing reactions we hadn't expected, so much that the safest thing to do may be to stop everyhting.

I called Satoshi.  He turned the master bitcoin key to off so blockchain should be stopping shortly.  Thanks for the heads up that was a close one.

in 10..9..8..7...

Oh look Smiley blockchain has stopped Cheesy

When I was sitting in toilet I though - if (just a sci-fi comedy scenario) all transactions all over the world would stop -
Poland will use Bitcoin anyway Tongue till the world end Tongue

As long as it is p2p xD they cannot stop us!
http://www.youtube.com/watch?v=0HL-N9oOjcs
meanig
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February 12, 2014, 11:45:15 PM
 #25

Confirmed txid can be relied on for accounting purposes.

How do you get from an unconfirmed transaction id to a confirmed one?

You don't, you just freeze till the first transaction is confirmed.
Banks work like this. If you want to cash a check, they will be check it first.

Yeah that's what I meant. The txid of a transaction in a block can be relied on for accounting purposes. Any txid not in a block is subject to change.
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